Luna Innovations Incorporated Stock Z Score

LUNA Stock

USD 1.86 0.22 13.41%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Luna Innovations Piotroski F Score and Luna Innovations Valuation analysis.

At present, Luna Innovations' Capital Lease Obligations is projected to increase significantly based on the last few years of reporting. The current year's Total Debt To Capitalization is expected to grow to 0.23, whereas Capital Surpluse is forecasted to decline to about 88.4 M. At present, Luna Innovations' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 122.4 M, whereas EBIT is forecasted to decline to (2 M).

Luna Innovations Incorporated Company Z Score Analysis

Luna Innovations' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Luna Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Luna Innovations is extremely important. It helps to project a fair market value of Luna Stock properly, considering its historical fundamentals such as Z Score. Since Luna Innovations' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Luna Innovations' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Luna Innovations' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Total Current Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Treasury Stock	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.56	0.97	0.98	0.77	0.69	0.85	0.92	0.98	0.86	0.95	0.75	0.51	0.95	0.91	0.88	0.9	0.57	-0.92	0.72	0.89	0.71	0.83
Total Stockholder Equity	0.99		0.43	0.91	0.99	0.76	0.69	0.82	0.93	0.96	0.77	0.91	0.79	0.51	0.91	0.93	0.8	0.91	0.62	-0.92	0.72	0.85	0.72	0.79
Net Debt	0.56	0.43		0.74	0.38	0.46	0.46	0.59	0.49	0.6	0.79	0.68	0.11	0.21	0.76	0.42	0.85	0.37	-0.05	-0.47	0.36	0.69	0.36	0.68
Total Liab	0.97	0.91	0.74		0.9	0.76	0.66	0.84	0.86	0.94	0.94	0.97	0.65	0.49	0.97	0.83	0.96	0.83	0.47	-0.86	0.69	0.91	0.67	0.86
Total Current Assets	0.98	0.99	0.38	0.9		0.74	0.65	0.8	0.9	0.94	0.77	0.89	0.8	0.51	0.87	0.92	0.78	0.9	0.63	-0.9	0.69	0.84	0.73	0.77
Current Deferred Revenue	0.77	0.76	0.46	0.76	0.74		0.76	0.41	0.75	0.69	0.76	0.81	0.68	0.32	0.73	0.56	0.64	0.77	0.49	-0.89	0.84	0.79	0.44	0.56
Retained Earnings	0.69	0.69	0.46	0.66	0.65	0.76		0.51	0.73	0.72	0.64	0.66	0.34	0.16	0.74	0.7	0.69	0.62	0.27	-0.76	0.53	0.72	0.57	0.64
Accounts Payable	0.85	0.82	0.59	0.84	0.8	0.41	0.51		0.79	0.92	0.64	0.81	0.56	0.47	0.86	0.91	0.85	0.75	0.49	-0.63	0.38	0.75	0.72	0.85
Long Term Debt	0.92	0.93	0.49	0.86	0.9	0.75	0.73	0.79		0.94	0.69	0.85	0.65	0.3	0.89	0.9	0.81	0.8	0.44	-0.88	0.6	0.85	0.75	0.79
Net Receivables	0.98	0.96	0.6	0.94	0.94	0.69	0.72	0.92	0.94		0.8	0.92	0.66	0.43	0.97	0.96	0.91	0.86	0.49	-0.87	0.61	0.89	0.77	0.89
Short Term Debt	0.86	0.77	0.79	0.94	0.77	0.76	0.64	0.64	0.69	0.8		0.9	0.53	0.48	0.89	0.64	0.9	0.71	0.35	-0.81	0.71	0.85	0.53	0.76
Intangible Assets	0.95	0.91	0.68	0.97	0.89	0.81	0.66	0.81	0.85	0.92	0.9		0.71	0.59	0.94	0.79	0.89	0.86	0.6	-0.88	0.79	0.87	0.58	0.79
Common Stock	0.75	0.79	0.11	0.65	0.8	0.68	0.34	0.56	0.65	0.66	0.53	0.71		0.64	0.57	0.62	0.45	0.92	0.86	-0.75	0.73	0.67	0.51	0.52
Property Plant Equipment	0.51	0.51	0.21	0.49	0.51	0.32	0.16	0.47	0.3	0.43	0.48	0.59	0.64		0.42	0.36	0.36	0.62	0.72	-0.41	0.51	0.41	0.33	0.38
Good Will	0.95	0.91	0.76	0.97	0.87	0.73	0.74	0.86	0.89	0.97	0.89	0.94	0.57	0.42		0.88	0.95	0.8	0.37	-0.88	0.66	0.93	0.68	0.9
Net Tangible Assets	0.91	0.93	0.42	0.83	0.92	0.56	0.7	0.91	0.9	0.96	0.64	0.79	0.62	0.36	0.88		0.81	0.82	0.47	-0.78	0.45	0.81	0.82	0.85
Long Term Debt Total	0.88	0.8	0.85	0.96	0.78	0.64	0.69	0.85	0.81	0.91	0.9	0.89	0.45	0.36	0.95	0.81		0.71	0.28	-0.74	0.5	0.89	0.7	0.89
Capital Surpluse	0.9	0.91	0.37	0.83	0.9	0.77	0.62	0.75	0.8	0.86	0.71	0.86	0.92	0.62	0.8	0.82	0.71		0.76	-0.86	0.73	0.88	0.72	0.78
Deferred Long Term Liab	0.57	0.62	-0.05	0.47	0.63	0.49	0.27	0.49	0.44	0.49	0.35	0.6	0.86	0.72	0.37	0.47	0.28	0.76		-0.51	0.61	0.39	0.31	0.29
Treasury Stock	-0.92	-0.92	-0.47	-0.86	-0.9	-0.89	-0.76	-0.63	-0.88	-0.87	-0.81	-0.88	-0.75	-0.41	-0.88	-0.78	-0.74	-0.86	-0.51		-0.85	-0.87	-0.56	-0.69
Short Long Term Debt	0.72	0.72	0.36	0.69	0.69	0.84	0.53	0.38	0.6	0.61	0.71	0.79	0.73	0.51	0.66	0.45	0.5	0.73	0.61	-0.85		0.64	0.15	0.44
Net Invested Capital	0.89	0.85	0.69	0.91	0.84	0.79	0.72	0.75	0.85	0.89	0.85	0.87	0.67	0.41	0.93	0.81	0.89	0.88	0.39	-0.87	0.64		0.78	0.9
Net Working Capital	0.71	0.72	0.36	0.67	0.73	0.44	0.57	0.72	0.75	0.77	0.53	0.58	0.51	0.33	0.68	0.82	0.7	0.72	0.31	-0.56	0.15	0.78		0.82
Capital Stock	0.83	0.79	0.68	0.86	0.77	0.56	0.64	0.85	0.79	0.89	0.76	0.79	0.52	0.38	0.9	0.85	0.89	0.78	0.29	-0.69	0.44	0.9	0.82

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Luna Innovations

Based on the company's disclosures, Luna Innovations Incorporated has a Z Score of 0.0. This is 100.0% lower than that of the Electronic Equipment, Instruments & Components sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

Luna Innovations Current Valuation Drivers

We derive many important indicators used in calculating different scores of Luna Innovations from analyzing Luna Innovations' financial statements. These drivers represent accounts that assess Luna Innovations' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Luna Innovations' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	108.7M	209.1M	303.0M	267.2M	240.5M	252.5M
Enterprise Value	67.0M	187.5M	320.4M	271.5M	244.4M	256.6M

Luna Innovations Institutional Holders

Institutional Holdings refers to the ownership stake in Luna Innovations that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Luna Innovations' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Luna Innovations' value.

		Shares
Geode Capital Management, Llc	2024-09-30	321.6 K
Morgan Stanley - Brokerage Accounts	2024-06-30	292.7 K
Punch & Associates Inv Mgmt Inc	2024-09-30	285 K
Avenir Corporation	2024-09-30	272.1 K
Goldman Sachs Group Inc	2024-06-30	256.4 K
Marathon Capital Management Llc	2024-09-30	187.5 K
Renaissance Technologies Corp	2024-09-30	173.3 K
Janney Montgomery Scott Llc	2024-09-30	158.9 K
Pinnacle Associates Inc	2024-09-30	155.5 K
Royce & Associates, Lp	2024-09-30	2.8 M
Wasatch Advisors Lp	2024-09-30	2.3 M

Luna Fundamentals

	Return On Equity	-0.0123
	Return On Asset	0.0055
	Profit Margin	(0.02) %
	Operating Margin	0.04 %
	Current Valuation	98.64 M
	Shares Outstanding	34.7 M
	Shares Owned By Insiders	8.07 %
	Shares Owned By Institutions	47.96 %
	Number Of Shares Shorted	1.87 M
	Price To Earning	17.66 X
	Price To Book	0.68 X
	Price To Sales	0.55 X
	Revenue	116.61 M
	Gross Profit	66.5 M
	EBITDA	6.89 M
	Net Income	(2.12 M)
	Cash And Equivalents	7.89 M
	Cash Per Share	0.24 X
	Total Debt	28.32 M
	Debt To Equity	0.30 %
	Current Ratio	2.38 X
	Book Value Per Share	2.79 X
	Cash Flow From Operations	(13.42 M)
	Short Ratio	8.85 X
	Earnings Per Share	(0.03) X
	Target Price	8.5
	Number Of Employees	337
	Beta	1.62
	Market Capitalization	64.54 M
	Total Asset	151.01 M
	Retained Earnings	(2.3 M)
	Working Capital	54.24 M
	Current Asset	38.75 M
	Current Liabilities	15.33 M
	Net Asset	151.01 M

About Luna Innovations Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Luna Innovations Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Luna Innovations using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Luna Innovations Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Luna Innovations offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Luna Innovations' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Luna Innovations Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Luna Innovations Incorporated Stock:

How To Invest In Luna

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Is Luna Stock a good investment?

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What is Luna Innovations' Net Worth?

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Largest Electronic Equipment, Instruments & Components Companies

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Check out Luna Innovations Piotroski F Score and Luna Innovations Valuation analysis.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luna Innovations. If investors know Luna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luna Innovations listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.68)

Earnings Share

(0.03)

Revenue Per Share

3.487

Quarterly Revenue Growth

0.053

Return On Assets

0.0055

The market value of Luna Innovations is measured differently than its book value, which is the value of Luna that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luna Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Luna Innovations Incorporated Stock Z Score

Luna Innovations Incorporated Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Luna Z Score Driver Correlations

Luna Innovations Current Valuation Drivers

Luna Innovations Institutional Holders

Luna Fundamentals

About Luna Innovations Fundamental Analysis

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